AndreyPopov/iStock via Getty Images Xerox (NASDAQ:XRX) has attempted to reinvent themselves this year through a major restructuring effort, but its stock still received a Sell rating from Citi as the bank initiated coverage. Citi also set a price target of $11 for the printing company. “The company is undergoing majorContinue Reading
Mumemories/iStock via Getty Images Illinois Tool Works (NYSE:ITW) on Thursday was rated as a “catalyst call” Sell by analysts at Deutsche Bank. They said the maker of fasteners and components is at risk of continued underperformance during the upcoming earnings season. Illinois Tool’s (ITW) guidance of 1%-3% organic growth forContinue Reading
HJBC/iStock Editorial via Getty Images TotalEnergies (NYSE:TTE) said Thursday it agreed to sell its West of Shetland oil and gas fields in the U.K. to privately-held Prax Group for an undisclosed sum. The French company is selling its entire interest in West of Shetland fields – Laggan, Tormore, Glenlivet, EdradourContinue Reading
Aliaksandr Litviniuk/iStock Editorial via Getty Images Eni (NYSE:E) said Thursday it agreed to sell its Nikaitchuq and Oooguruk upstream offshore assets in Alaska to privately-held Hilcorp for an undisclosed sum. Eni (E) said it will disclose the value of the deal upon closing, but Reuters estimates potential proceeds in theContinue Reading
Worawee Meepian Nokia (NYSE:NOK) Thursday said that it has signed a put option agreement with the French State, contemplating the sale of Alcatel Submarine Networks for €350 million. Nokia (NOK) said it would retain a 20% shareholding and board representation until targeted exit to ensure a smooth transition. By divestingContinue Reading
The selling stockholders of Contango ORE (NYSE:CTGO) plan to offer and sell shares of common stock, the company disclosed in an SEC filing on Thursday. The company will not receive any proceeds from the sale of shares by the selling stockholder. The number of shares to be offered and soldContinue Reading
i3 Verticals (NASDAQ:IIIV) and Payroc WorldAccess on Wednesday said the companies have entered into an agreement whereby Payroc will acquire i3 Verticals’ merchant of record payments business, including its associated proprietary technology, in an all-cash transaction for $440M. The closing is expected to occur sometime in i3 Verticals’ fiscal fourth quarter. Source:Continue Reading
thamerpic/iStock Editorial via Getty Images U.K. asset manager Legal & General Investment Management said Wednesday it will sell some of its Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) shares because of concerns about its production of thermal coal. LGIM said its decision followed last year’s shareholder resolution at Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) that requested theContinue Reading
phototechno Consumer healthcare company Haleon (NYSE:HLN) announced an agreement on Wednesday to sell its nicotine replacement therapy (NRT) business outside the U.S. to a subsidiary of the Indian drugmaker Dr. Reddy’s Laboratories (NYSE:RDY). Per the terms, Dr. Reddy’s Laboratories SA, a unit of Dr. Reddy’s (RDY), will buy Haleon’s (HLN)Continue Reading
Massimo Giachetti/iStock Editorial via Getty Images Nasdaq (NASDAQ:NDAQ) said on Wednesday that its previously announced agreement to sell Nasdaq’s Nordic power trading and clearing business to the European Energy Exchange was terminated, the company said in a statement on Wednesday. The company didn’t provide a reason for why the dealContinue Reading
